China's recent measures to spur growth

China on Wednesday unveiled fresh measures to prop up its real estate market, including tax cuts and easier credit for developers, in its latest efforts to cushion the blow of the global financial crisis.

Following are some of the recent steps the world's fourth largest economy has taken to counter an economic slowdown caused by shrinking demand for its exports and the belated impact of restrictive domestic policies, including tighter credit.

MONETARY AND CREDIT POLICY

NOV 26 -- The People's Bank (nasdaq: PBCT - news - people ) of China (PBOC), the central bank, cuts benchmark one-year lending and deposit rates by 108 basis points. It also cuts big banks' required reserves by 1 percentage point and those for small- and medium-sized lenders by 2 percentage points, from Dec. 5.

NOV 6 -- Bill rates tumble a day after the People's Bank of China (PBOC) scales back liquidity-draining three-month bill sales from once a week to once every two weeks. It made a similar change to the schedule for 52-week bill sales the week before.

NOV 1 -- The PBOC scraps lending quotas, Xinhua quotes spokesman Li Chao as saying.

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